Student Services
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Student loan consolidation

Student loan consolidation allows you to combine several existing student loans into one single new loan to lower your monthly repayments. Loan consolidation can be applied to both federal loans and private student loans. Note that there is a separate program for each of the two types of loans, you cannot combine federal and private loans into one consolidation program. It is possible to be eligible for loan consolidation when you have unfulfilled or overdue repayments.

If you consider consolidating your student loan, you should evaluate the cons and the pros and especially pay attention to the costs of repayment with and without consolidation! By all means consolidating your loan will be more expensive in the long term. Since, it will lower you monthly payment obligations but lengthen your repayment term.

Find below the most important advantages and disadvantages of student loan consolidation:

Advantages:

  • Student loan consolidation centralize your payments: you will only pay to one single financial institution.
  • You have an extended repayment period, depending on the total amount borrowed on your student loan.
  • Financial institutions offer you a phased repayment plan with taking your income into account. Also, they keep a close eye on making sure you keep a good credit qualification.
  • By extending the repayment period your monthly repayments reduce.
  • The interest rate is usually lower than that of one or more student loans.
  • There are no fees charged for student loan consolidation.

Disadvantages:

  • The interest rate for student loan consolidation is fixed (for FFELP and FDLP) during the repayment period.
  • You cannot benefit from decreasing interest rates because the interest rates are fixed.
  • The total amount of interest you have to pay could increase a lot if you decide to extend the repayment period.
  • Once you have agreed upon the student loan consolidation contract it cannot be undone until you have repaid the full amount of debt.

Consolidate your loan now! By filling in the form below.

Consolidating your Student Loans is an easy way to lower your interest rates and reduce your monthly payments.Complete this simple form and start saving today!

Rates As Low As 4.5%!

Loan Information

How much student loan debt do you have?

Must have more than 1 loan

Have you ever consolidated your student loans?

Must not have consolidated previously to qualify

Are any of your student loans in default?

Must not be in default to qualify

Have you or will you graduate in the next 6 months?

Must have graduated or will graduate in 6 months to qualify

Help Us Verify Your Loan Information

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Your Social Security Number is required by our lender partners and will only be used to verify your loans with the US Department of Education – National Student Loan Data System (NSLDS).

Your Contact Information

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Note: SecureRights is responsible for the collection and transfer of information on this page for the purpose of completing your request. By submitting your request you agree to be contacted in accordance with SecureRights Privacy Policy.

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